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This form is used to disclose the financial interests of individuals, including income sources, real property, liabilities, and interests in specified businesses, for the preceding tax year. It is a requirement for candidates and certain state employees to ensure transparency in financial dealings.
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What is form 1?
Form 1 is a tax form used for reporting income and calculating tax liability for individuals or businesses, typically associated with federal or state income tax.
Who is required to file form 1?
Individuals or businesses with a certain level of income or specific types of income must file Form 1, as designated by tax authorities.
How to fill out form 1?
To fill out Form 1, you need to provide personal information, report your income, calculate deductions and credits, and determine your tax owed or refund due.
What is the purpose of form 1?
The purpose of Form 1 is to report an individual's or entity’s income and to determine the tax liability to the government.
What information must be reported on form 1?
Form 1 typically requires reporting personal identification information, total income, deductions, credits, and any other income-related data.
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